Expeditors International of Washington, Inc. $EXPD Shares Sold by Vest Financial LLC

Key Points

• Vest Financial reduced its Expeditors International stake by 10.2% in the third quarter, selling 32,897 shares and retaining 288,724 shares valued at approximately $53.3 million.
• Institutional ownership remains high at 94.02%, with Robeco Institutional Asset Management increasing its position by 147.3% and several other investors adding shares.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue rose 32.1% year over year. Despite the strong results, analysts’ consensus rating is Hold, with an average price target of $175.27 versus the stock’s $197.20 opening price.

Vest Financial LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288,724 shares of the transportation company's stock after selling 32,897 shares during the period. Vest Financial LLC owned about 0.22% of Expeditors International of Washington worth $53,310,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $223,000. Crossmark Global Holdings Inc. increased its holdings in shares of Expeditors International of Washington by 15.5% during the third quarter. Crossmark Global Holdings Inc. now owns 25,233 shares of the transportation company's stock worth $4,659,000 after buying an additional 3,394 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Expeditors International of Washington by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 3,886 shares of the transportation company's stock worth $758,000 after buying an additional 56 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Expeditors International of Washington by 26.3% during the third quarter. Nisa Investment Advisors LLC now owns 26,940 shares of the transportation company's stock worth $4,974,000 after buying an additional 5,615 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Expeditors International of Washington by 147.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 495,650 shares of the transportation company's stock worth $91,517,000 after buying an additional 295,238 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $197.20 on Thursday. The company has a market capitalization of $25.63 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 5.00 and a beta of 1.07. The firm's 50 day simple moving average is $190.28 and its 200 day simple moving average is $171.76. Expeditors International of Washington, Inc. has a fifty-two week low of $116.84 and a fifty-two week high of $200.66.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the company earned $1.34 earnings per share. The business's quarterly revenue was up 32.1% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXPD. Citizens Jmp assumed coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $200.00 to $214.00 and gave the stock a "neutral" rating in a report on Monday, October 5th. Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, October 1st. TD Cowen raised their price target on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Finally, Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $175.27.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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